Dual-ion Batteries Market

Dual-ion Batteries Market Size by Type (Metal-Metal, Zinc-Ion, Metal-Organic, Sodium-Ion, Others), Application (Portable Electronics, Medical Devices, Electric Vehicles, Renewable Energy Storage, Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14043
  • Published Date: Jan, 2024
  • Pages: 232
  • Category: Information Technology & Semiconductors
  • Format: PDF
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The global dual-ion batteries market was valued at USD 0.53 Billion in 2023, which is anticipated to grow at a CAGR of 17.63% from 2024 to 2033. The market for dual-ion batteries is expected to increase significantly in the years to come, mostly because of the growing demand for modern, long-lasting energy storage solutions across a variety of industries, including portable devices, renewable energy, and electric cars. In the near future, demand for dual-ion batteries is anticipated to be significantly fueled by the growing use of consumer electronics and portable medical devices globally, as well as by their growing integration with the Internet of Things (IoT).

Market Introduction:

Dual-ion batteries are a type of rechargeable battery that store and release energy using two different ions, usually metal cations and organic anions. Due to its potential benefits over traditional lithium-ion batteries, such as increased energy density, longer cycle life, and improved safety features, this technology has attracted increasing attention recently. The growing need for sustainable and effective energy storage solutions has led to the emergence of dual-ion batteries as a promising technical innovation with broad applications. The growing demand for electric vehicles, portable devices, and renewable energy storage options is driving the dual-ion battery market globally. Dual-ion batteries have gained importance due to their higher energy density and extended cycle life, which are attributed to their substantial potential in these industries. In addition, their affordability and plentiful supply of raw materials make them a desirable substitute for other cutting-edge battery technologies. On the other hand, high manufacturing costs, limited raw material availability, and a lack of standardised methods pose obstacles to market expansion. The growing popularity of electric vehicles and high-performance electronics is driving up demand for dual-ion batteries in the global market. Manufacturers in such fields are increasingly choosing dual-ion batteries due to their increased power output and higher energy density. Dual-ion batteries can successfully meet the needs of consumers who are moving towards products and cars that provide longer battery life, faster charging times, and improved overall performance. The dual-ion battery market is significantly influenced by the market for electric vehicles in particular, as manufacturers look for cutting-edge energy storage technologies to increase driving range and shorten charging times. The market for dual-ion batteries is predicted to develop significantly as a result of this trend since these batteries will be necessary to power the upcoming generation of high-performance electronics and electric cars. Due to the widespread use of dual-ion batteries in wearables and portable electronics, the market for dual-ion batteries is expected to expand globally. A significant need exists for small, light-weight, and highly effective energy storage systems due to the increasing popularity of smartphones, smartwatches, and other portable electronic gadgets. With their potential for increased energy density and enhanced safety features, dual-ion batteries solve the drawbacks of conventional lithium-ion batteries in certain applications. Consumer electronics manufacturers are constantly searching for new and improved battery technologies that will improve the user experience overall by offering faster charging times and longer battery lives. Dual-ion battery use in wearables and portable electronics offers a potential market opportunity, enabling manufacturers to meet the changing demands of customers who value mobility, convenience, and longer device usage between charges. With the growing market for portable electronics, dual-ion batteries have the potential to play a major role in enabling the next wave of high-performing, energy-efficient devices.

Dual-ion Batteries Market Size

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Recent Development
  • Leading international chemical business LG Chem Ltd., situated in South Korea, and US mining company Piedmont Lithium Inc. inked a contract in February 2023 for the supply of 200,000 metric tonnes of spodumene concentrate. With this agreement, LG Chem Ltd. becomes the first Korean business to obtain lithium from the North American continent.
  • In October 2022, BMW Group, a multinational manufacturer of luxury cars and motorcycles based in Germany, and Envision AESC, a Japan-based company that specialises in producing lithium-ion batteries for electric vehicles (EVs), announced a multi-year partnership to supply the newest and most cutting-edge battery cells for BMW's next-generation EVs.
  • The US-based multinational company Cummins, Inc., which designs, manufactures, and distributes engines, filtration, and power generation products, and Sion Power Corporation, which develops high-energy lithium-metal rechargeable battery technology, signed an agreement in November 2021 regarding the design and supply of battery cells for commercial electric vehicle applications using Sion Power Corporation's proprietary Licerion Electric Vehicle (EV) lithium metal technology. Cummins has made investments in Sion Power in accordance with this agreement.

Market Dynamics:


The growing market for portable electronics- People are starting to favour dual-ion batteries because they view them as a viable option for high-performing mobile devices. These batteries store and release energy using two different types of ions, typically magnesium and sodium. This allows for faster charging times, higher energy densities, and possibly reduced costs. Batteries with two different ion types have many benefits when used in portable electronics. The use of dual-ion batteries can lead to significant increases in the battery life and charging speed of portable electronic devices such as laptops and smartphones. These batteries offer great convenience to people whose daily life depend on their mobile devices for work, communication, and leisure. Consequently, the need for dual-ion batteries is driven by this aspect.


Progress in the fields of materials science and technology- The global market for dual-ion batteries offers a profitable potential due to advancements in materials science and technology. Businesses that specialise in the production and distribution of dual-ion batteries stand to gain significantly from this opportunity by leveraging advancements in materials science and technology, which can lead to improvements in the performance and scalability of dual-ion batteries, making them more competitive in various applications. Dual-ion batteries are becoming more and more in demand due to their advantages, which include high energy density, longer cycle life, fast charging, enhanced safety, and cost-effectiveness. Businesses will benefit from this trend by growing both their clientele and overall income.


Early stages of growth and competition- The competition from various battery technologies and early-stage development are the main issues facing the global dual-ion battery market. While dual-ion batteries are still in the early phases of research and development, there are challenges to be overcome before they can be commercialised and produced on a big scale. These challenges include improving safety, increasing cycle life, and improving energy density. Furthermore, the current infrastructure for lithium-ion battery production and usage may limit the adoption of dual-ion batteries. Moreover, the performance and cost-effectiveness of dual-ion batteries are threatened by the potential advent of other cutting-edge battery technologies. As a result, these difficulties prevent the dual-ion battery market from expanding globally.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the most significant global dual-ion batteries market, with a 34.83% market revenue share in 2023. The main reasons for this rise include the increasing use of electric vehicles as a result of government programmes and environmental advantages, a sizable market for portable electronics, and rising expenditures for R&D projects. Important market participants include Envision AESC, LG Chem Ltd., Qingtao Energy Development, Jenax Inc., and Power Japan Plus are also present in the area.

Asia Pacific Region Dual-ion Batteries Market Share in 2023 - 34.83%



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Type Segment Analysis

The type segment is divided into metal-metal, zinc-ion, metal-organic, sodium-ion, and others. The sodium-ion segment dominated the market, with a market share of around 22.64% in 2023. It is because the automotive and renewable energy sectors are seeing an increase in demand for sodium-ion batteries.

Application Segment Analysis

The application segment is divided into portable electronics, medical devices, electric vehicles, renewable energy storage, and others. The portable electronics segment dominated the market, with a market share of around 25.07% in 2023. This is a result of consumers' growing desire for electronics with longer battery lives and quicker charging periods.

Some of the Key Market Players:
  • Custom Cells Itzehoe GmbH
  • Faradion Limited
  • Qing Tao Energy Development Co., Ltd.
  • Ionic Materials
  • Prieto Battery
  • Excellatron
  • Tiamat Energy
  • Sion Power
  • Solid Energy Systems
  • Jenax

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 0.53 Billion
Market size value in 2033 USD 2.68 Billion
CAGR (2024 to 2033) 17.63%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Type, Application

Frequesntly Asked Questions

As per The Brainy Insights, the size of the dual-ion batteries market was valued at USD 0.53 Billion in 2023 & USD 2.68 Billion by 2033.

Global dual-ion batteries market is growing at a CAGR of 17.63% during the forecast period 2024-2033.

Asia Pacific region emerged as the largest market for the dual-ion batteries.

The growing market for portable electronics is a significant driving factor for the growth of the dual-ion batteries market.

Progress in the fields of materials science and technology are significant opportunities for the growth of the dual-ion batteries market.

Early stages of growth and competition are significant challenges for the growth of the dual-ion batteries market.

Key players are Custom Cells Itzehoe GmbH, Faradion Limited, Qing Tao Energy Development Co., Ltd., Ionic Materials, Prieto Battery, Excellatron, Tiamat Energy, Sion Power, Solid Energy Systems, Jenax, among others.

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This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global dual-ion batteries market based on below mentioned segments:

Global Dual-ion Batteries by Type:

  • Metal-Metal
  • Zinc-Ion
  • Metal-Organic
  • Sodium-Ion
  • Others

Global Dual-ion Batteries by Application:

  • Portable Electronics
  • Medical Devices
  • Electric Vehicles
  • Renewable Energy Storage
  • Others

Global Dual-ion Batteries by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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